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Originally posted by The Propagandist:
quote:
Originally posted by LE89:
What is the first thing you would do if your personal income was cut in half?
What if the the money was there, but you refused to take it?
TAX THE RICH!
It is and I do, everyday. I refuse food stamps, gov't assistance, free health care, un-employment, free cell phones, etc.
I'm all for fixing tax loopholes, we can start by getting rid of the IRS. Flat tax, or fair tax, I am all for it. Taxing the rich at a higher rate just because they are richer (eventhough we already do), NO.
Lower income persons or families already pay a sales tax when they purchase most any products, also pay a tobacco tax, liquor tax, gas tax, etc. If a fair tax is "UNFAIR", so are these taxes.
I'm all for raising import taxes, then only the rich will buy imports. Keep raising taxe rates on corporations and the rich, and they will keep leaving the good ole USA for more favorable countries tax rates. GE paid no income or capital gains taxes for year 2010 to the IRS, ZERO. I paid more than GE did.
These companies most likely want to come back, just get tax rates close to other countries and they will likely come back. We keep wanting them to do the right thing and pay double tax because it is American.
Stop tinkering with the engine, we have four flat tires and no spare in the trunk.